Tim Pawlenty has dropped out of the running for the Republican presidential nomination after placing third in the Iowa straw poll. The former Minnesota governor was considered a strong contender but placed a disappointing third, coming in after Michele Bachmann and Ron Paul. Pawlenty told ABC's "This Week" he has no plans as yet. "I really don't know what the future holds for me. I have absolutely no plans, which is at the same time very liberating but also a little concerning, so I've got to get to work."